Magellan Financial Group Limited (ASX:MFG – Get Free Report) insider Andrew Formica bought 10,750 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of A$8.98 ($5.72) per share, with a total value of A$96,535.00 ($61,487.26).
Magellan Financial Group Price Performance
The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 7.16. The stock has a market capitalization of $1.73 billion, a P/E ratio of 5.57, a P/E/G ratio of -0.36 and a beta of 1.01.
Magellan Financial Group Cuts Dividend
The firm also recently announced a Interim dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, March 11th will be given a $0.264 dividend. This represents a yield of 2.95%. The ex-dividend date of this dividend is Monday, February 24th. Magellan Financial Group’s dividend payout ratio is 49.24%.
Magellan Financial Group Company Profile
Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.
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